Indian shares set to open higher on optimism over foreign inflows, global cues
The Gift Nifty futures traded at 25,718.5 points as of 7:20 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above its previous close of 25,549 points.
The Nifty and BSE Sensex (.BSESN), opens new tab have risen about 2.3% in the last three sessions on the back of easing Middle East tensions, while a rally in banking and Reliance Industries (RELI.NS), opens new tab shares ahead of the earnings season also helped.
Foreign investors bought Indian shares worth 125.9 billion rupees ($1.5 billion) on Thursday, as per provisional data. This was their biggest single-day buying in India in nine months.
Apart from improving domestic earnings growth prospects, a weak dollar and falling U.S. Treasury yields also likely supported strong foreign flows.
The MSCI's broadest index for Asia-Pacific stocks outside Japan (.MIAPJ0000PUS), opens new tab rose 0.2% on Friday to hit its highest levels since November 2021 on expectations of an early rate cut by the U.S. Federal Reserve and reports of a U.S.-China agreement on rare earth shipments.
Meanwhile, multiple news reports, opens new tab said U.S. President Donald Trump could extend his upcoming self-imposed tariff pause deadlines.
** HCLTech (HCLT.NS), opens new tab expands partnership with Salesforce for enterprise adoption of agentic AI with new services
** Hitachi Energy India (HITN.NS), opens new tab receives order to supply 765 KV transformers to Power Grid Corporation (PGRD.NS), opens new tab
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